William D. Addas
the Board elected William D. Addas as an independent director of the Company, effective as of November 1, 2024
Highest-materiality recent filing
Rithm Capital closes $500M private offering of 8.500% senior notes due 2031
$500M aggregate principal of 8.500% senior unsecured notes due June 1, 2031.
Rithm Capital prices $500M of 8.500% senior unsecured notes due 2031
Offering of $500M aggregate principal amount of 8.500% senior unsecured notes due 2031.
Rithm Capital announces proposed $500M senior unsecured notes offering due 2031
$500M aggregate principal of senior unsecured notes due 2031 proposed.
Rithm Capital Q4 EAD $0.74/sh, book value $12.66; closes Crestline and Paramount
Q4 GAAP net income $53.1M ($0.09/sh); EAD $418.9M ($0.74/sh) vs $0.54/sh Q3. FY25 EAD $1.28B ($2.35/sh).
Rithm Capital sells 10M shares of 8.750% Series F Preferred Stock at $25 liquidation preference
Aggregate of 10,000,000 shares of 8.750% Series F Fixed-Rate Reset Cumulative Redeemable Preferred Stock; underwriters have 30-day option for additional 1,500,000 shares.
Rithm Capital completes acquisition of Paramount Group for $6.60 per share cash
Paramount shareholders received $6.60 per share in cash; total deal value includes $50M equity investment from Rithm Property Trust.
Rithm Capital completes acquisition of Crestline Management; combined investable assets ~$102B
Acquisition of Crestline Management, L.P. closed, adding over 200 investment professionals to Rithm's platform.
GAAP net income $193.7M ($0.35 diluted EPS); earnings available for distribution $296.9M ($0.54) flat QoQ.
Rithm Capital designates 8.75% Series E Preferred Stock with $25/share liquidation preference
Filed Certificate of Designations for 8.750% Series E Fixed-Rate Cumulative Redeemable Preferred Stock, 8.74M shares authorized.
Rithm Capital launches $750M at-the-market equity offering program
ATM program allows sale of common stock up to $750M aggregate offering price.
Rithm Capital to issue 7.6M shares of 8.750% Series E Preferred Stock
Issuing 7,600,000 shares of 8.750% Series E Fixed-Rate Cumulative Redeemable Preferred Stock at $25.00 liquidation preference.
Rithm Capital acquires Paramount Group for $1.6B in all-cash deal at $6.60/share
Total cash consideration of ~$1.6B; each Paramount share receives $6.60.
Rithm Capital to acquire Crestline Management, adding $17B private credit platform
Acquires Crestline, an alt manager with ~$17B AUM, expanding into direct lending, insurance/reinsurance.
Rithm Capital expands ATM equity program to $500M; settles board lawsuit for $160K
Entered Amendment No. 1 to Distribution Agreement; up to $500M common stock ATM program; $303.8M unsold as of Aug 1, 2025.
Rithm Capital Q2 GAAP net income $283.9M ($0.53), EAD $291.1M, book value $12.71
GAAP net income of $283.9M ($0.53 diluted) vs Q1 $36.5M ($0.07); earnings available for distribution $291.1M ($0.54).
Rithm Capital closes $500M 8% notes due 2030; redeems 6.25% 2025 notes
Closed private offering of $500M aggregate principal of 8.000% senior unsecured notes due July 15, 2030.
Rithm Capital prices $500M 8.000% senior notes due 2030, to redeem 6.250% 2025 notes
$500M aggregate principal of 8.000% senior unsecured notes due 2030 priced on June 17, 2025.
Rithm Capital announces $500M senior unsecured notes offering due 2030
$500M aggregate principal amount of senior unsecured notes due 2030.
Rithm Capital Q1 GAAP net income $36.5M ($0.07/sh); EAD $275.3M ($0.52/sh)
GAAP net income $36.5M ($0.07 diluted EPS) vs $263.2M ($0.50) in Q4 2024; common dividend $0.25/sh unchanged.
Rithm Capital Q4 GAAP EPS $0.50, EAD $0.60; full-year EPS $1.67
Q4 GAAP net income $263.2M ($0.50/diluted share); FY 2024 net income $835M ($1.67/diluted).
GAAP net income of $97.0M ($0.20 diluted); earnings available for distribution $270.3M ($0.54 diluted), up from $0.47 in Q2.
Rithm Capital prices 30M-share common stock offering at $11.34/sh
Sold 30,000,000 shares of common stock at $11.34 per share; underwriters have 30-day option for up to 4,500,000 additional shares.
Rithm Capital Q2 GAAP net income $213.2M ($0.43/diluted); EAD $0.47/share
GAAP net income $213.2M, diluted EPS $0.43; Earnings Available for Distribution $231.1M, $0.47/share.
Rithm Capital to restate 2021-2023 and Q1 2024 financials; material weakness in controls
Restatement to consolidate mortgage securitization trusts; no impact on net income, book value, or cash.
Rithm Capital completes acquisition of Computershare Mortgage Services, adds ~$149B servicing UPB
Completed acquisition of Computershare Mortgage Services Inc. and SLS; SLS merged into Newrez LLC.
Rithm Capital Q1 net income $261.6M; appoints David Zeiden as Chief Legal Officer
GAAP net income $261.6M ($0.54/diluted share) vs Q4 loss of $87.5M.
the Board elected William D. Addas as an independent director of the Company, effective as of November 1, 2024
the Board elected Ranjit M. Kripalani as an independent director of the Company, effective as of November 1, 2024
Andrew Sloves resigned from his position as a director of the Company on October 28, 2024, effective as of November 1, 2024.
On April 30, 2024, in connection with Mr. Zeiden’s appointment, Philip Sivin transitioned from the role of Chief Legal Officer and remains a key part of the Company as Managing Director and Chief Counsel for M&A and strategic transactions, along with other responsibilities.
On April 30, 2024, David Zeiden was appointed Chief Legal Officer of Rithm Capital Corp.
Max materiality 0.85 · Median 0.68 · Most common event earnings